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Brinker International, Inc. (EAT) Becoming More Attractive for Investors

In a filing, Brinker International, Inc. revealed its Former CFO Taylor Joseph G acquired Company’s shares for reported $0.26 million on Aug 23 ’24. In the deal valued at $71.74 per share,3,667 shares were bought.

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Then, Comings Douglas N. sold 2,953 shares, generating $215,480 in total proceeds. Upon selling the shares at $72.97, the SVP & COO, Chili’s now owns 38,164 shares.

Before that, Fuller Daniel S sold 3,611 shares. Brinker International, Inc. shares valued at $249,303 were divested by the SVP, Chief Legal Officer at a price of $69.04 per share. As a result of the transaction, Fuller Daniel S now holds 34,764 shares, worth roughly $3.05 million.

BofA Securities upgraded its Brinker International, Inc. [EAT] rating to a Neutral from a an Underperform in a research note published on October 10, 2024; the price target was increased to $90 from $63. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Hold”. KeyBanc Capital Markets also remained covering EAT and has increased its forecast on August 15, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. Raymond James revised its rating on July 08, 2024. It rated EAT as “an Outperform” which previously was an “a Strong buy”.

Price Performance Review of EAT

On Monday, Brinker International, Inc. [NYSE:EAT] saw its stock jump 5.06% to $87.70. Over the last five days, the stock has gained 6.37%. Brinker International, Inc. shares have risen nearly 103.10% since the year began. Nevertheless, the stocks have risen 191.75% over the past one year. While a 52-week high of $84.76 was reached on 10/14/24, a 52-week low of $29.65 was recorded on 01/16/24. SMA at 50 days reached $72.90, while 200 days put it at $58.87.

Levels Of Support And Resistance For EAT Stock

The 24-hour chart illustrates a support level at 84.88, which if violated will result in even more drops to 82.06. On the upside, there is a resistance level at 89.24. A further resistance level may holdings at 90.79. The Relative Strength Index (RSI) on the 14-day chart is 72.07, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.04%. Stochastics %K at 87.59% indicates the stock is a selling.

How much short interest is there in Brinker International, Inc.?

A steep rise in short interest was recorded in Brinker International, Inc. stocks on 2024-09-30, dropping by -0.39 million shares to a total of 6.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.29 million shares. There was a decline of -5.61%, which implies that there is a negative sentiment for the stock.

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